# PPP loan: VALLEY DISTRIBUTING, INC.
> **$156K** approved 04/06/2020 · Paid in Full · Loan `6272567010`
## Borrower
- **Name:** VALLEY DISTRIBUTING, INC.
- **Address:** 2820 LILLIAN AVE, ELKHART, IN, 46514-9233
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $117K
- **Utilities:** $39K
- **Jobs reported:** 18
## Lender
- **Originating:** First State Bank of Middlebury
- **Servicing:** First State Bank of Middlebury (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*